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was good. a lot of it was the home building around the country. commercial wasn't so good. government wasn't so good. >> the ism was a little better. i want an asterisk next to everything. when i say better, it's not good. certainly better than the sub-50 we had the last couple months. manufacturing may be on the up swing. the regional surveys have not been that good. so the jury is out a little bit. we know we were on a down swing through the summer. we know we had a little bit of stability. now we've got to take that timing and put everything ahead. say, what's going on in the real economy? we were stabilized a little on the upswing. now we have to factor in sandy. that makes things unclear. >> 8:30 a.m. eastern time tomorrow morning. i know you guys will be there. ready to go tomorrow morning. >> see you then, guys. thanks. >>> meanwhile, this market still rallying, near the highs of the session ahead of the jobs report. bob is in the middle of the action. we got good jobs numbers this morning, bob. is that what this rally is about, or is it in anticipation of tomorrow? >> no, we're nea
will it cost the government's disaster refund leaf fu -- relief fund, and is there enough to cover it? eamon javers is here with more. >> you can see a very swollen potomac river. you can see a lot of debris going down the river. we've seen entire trees floating by our position here. the potomac has stayed in its banks. over here, they have these massive 20-foot flood walls that were ready to roll in case the river breached its banks last night. so far, so good here. as for the federal government's response, we just had a conference call with fema. they have about $3.6 billion left in their disaster contingency fund. that's as of october 26th. they're also saying that president obama when he made that major disaster declaration for new jersey and for new york, he did that verbally. what that meant was they were able to cut through a lot of the red tape and move this process along and get the response going even before the disaster happened. they're also saying that fema is dispatching housing inspectors to go out and take a look at the claims. they want to avoid any kind of massive fraud pro
and analysis from our market experts. and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> all right, getting back to breaking news on netflix, herb greenberg is on the story. >> netflix shares up about 17% right now, they've been flying and just the recent 10, 15, 20 minutes news hit carl icon taken a 9.9% stake in the company. icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and international growth prospects and it may
of the federal government here in washington is closed today. that includes the department of labor. however, folks at department of labor the bls is working hard on friday he's jobs report. the last one before election day. much anticipated. here's a statement we have from the department of labor. they say employees at bureau of labor statistics are working hard to ensure the timely release of employment data on friday, november 2nd. it's our intention friday will be business as usual recording the october employment situation report. no guarantees from the department of labor they're get this report out by friday because their workers are scatter add cross the region right now but they say their intent is to get it out. how could that affect the actual report itself? experts say in terms of the storm's impact in the last couple of days of the month, what you might see is an impact a little bit on hours worked, but not necessarily on the overall employment situation. it's mostly a question now of whether the staff can gather that data, get it into the department of labor, get it processed i
members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right now. not necessarily the bond buying program. just an observation. >> maria, i got say, i don't know if the bond buying is actually helping. we're seeing a lot of bond buying. i don't know where that money is going to. we see unemployment raising. >> is survey showed pick ups in demand for most classes in lending right now. so it has had a positive effect in a place where it could matter. we have seen in general some of the interest rates that matter go down in the economy, including mortgages. >> and a big uptick in housing. >> maybe not perfect, but it seems to have had an effect. >> do we anticipate the typical pickup in economic activity following a natural disaster of this magnitude here, ron? >> bill, listen, it's going to take a little while, just as it has during other periods of natural disasters. steve and i were talking before we came up. i think what we need to see is opposed to some sort of peace meal fixing of t
Search Results 0 to 4 of about 5